Sheetz NNN — West Carrollton, OH

Updated November 4, 2026

$4,000,000 · 5.25% CAP · 13.5 YRS

A 2025 Sheetz c-store and fuel center at 2100 S. Alex Road in West Carrollton asks $4,000,000 at a 5.25% cap on $210,000 of ground rent, with about 13.5 years left through April 2040. Sheetz, Inc. guarantees the NNN ground lease, and rent steps 10% every five years. The package lists both 6,139 and 6,300 square feet and calls the ownership fee simple while also describing a ground lease, so confirm both in the lease. This ask is 50 basis points below the 5.75% median across 196 active listings.

Lease Abstract

Price

$4,000,000

Cap rate

5.25% CAP

NOI

$210,000

Term remaining

13.5 YRS

Lease type

NNN Ground Lease

Increases

10% every 5 years

Options

1 x 10-year, 5 x 5-year

Guarantee

Corporate

Building

6,139 SF

Lot

1.64 AC

Year built

2025

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

6,139 SF building, built 2025, 1.64 acres of land. Ground lease priced at $2,439,024 per acre. Rent increases: 10% every 5 years. Renewal options: 1 x 10-year, 5 x 5-year. Corporate guarantee. Primary term ends around 2040 (13.5 yrs left at listing, Nov 2026).

Location

West Carrollton, Ohio — 2100 S. Alex Road, West Carrollton, OH 45449. Full address and offering memorandum released on request — see our Sheetz tenant guide and the Ohio market page for the underwriting context.